Jim Cramer Highlights Nebius “Has Some Good Contacts and a Relationship With Microsoft”

Group 1 - Nebius Group N.V. (NASDAQ:NBIS) has experienced a stock rally of over 308% for the year despite reporting losses [1] - The company develops full-stack infrastructure for AI, including GPU clusters, cloud platforms, and developer tools, and offers services like Toloka for generative AI data and Avride for autonomous driving solutions [1] - Nebius recently secured a $17 billion contract to build a data center for Microsoft in Vineland, New Jersey, which significantly boosted its stock price from $64 to nearly $96 [1] Group 2 - Nebius was previously part of Yandex, a controversial Russian company, but has since spun out and is now recognized for its contributions to the data center industry [1] - The company is noted for its relationships with major players like Microsoft, which enhances its market position [1] - There are suggestions that while Nebius shows potential, other AI stocks may offer greater upside potential with less downside risk [1]